Quad/Graphics, LSC Call Off $1.4B Merger After Justice Dept. Suit

A month after pledging to "vigorously defend" its proposed $1.4 billion acquisition of rival publication printer LSC Communications in the face of a Justice Department lawsuit challenging the deal, Quad/Graphics announced on Tuesday that the two companies have agreed to end the fight. The proposed merger—which was first announced last October and approved by both companies' shareholders in February—faced opposition from groups like the Authors Guild and free speech advocate PEN America, who argued that combining "the two sole competitors in the long-run magazine and book printing markets" would create a dangerous monopoly that could further beleaguer print magazine and book publishers. In separate statements, both Quad/Graphics and LSC reaffirmed their disagreement with the Justice Department's assessment of the deal, but reasoned that the benefits of the merger would be outweighed by the delays and legal costs associated with fighting the DOJ lawsuit. As the blog Dead Tree Edition noted, a federal judge denied a request from the two printers for an expedited trial last week, meaning that even if it were ultimately approved, the proposed merger likely wouldn't come into effect until sometime next year. "In the United States, Quad and LSC’s printing and distribution resources vastly exceed those of other competitors and the two serve as the only realistic options for many publishers and retailers that rely on these firms’ resources and experience to ensure that... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-07-23 16:26:38 UTC ]
News tagged with: #timely manner #popular magazines #meredith corp #immediately respond #hearst #authors guild

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‘The potential to undermine democracy’: European publishing trade bodies call for action on generative AI

Three organisations argue that more transparency is needed after research found AI models have been trained using pirated works by authors such as Zadie Smith and Stephen KingThree major European publishing trade bodies have urged the EU to “act now” on transparency over artificial intelligence... Continue reading at The Guardian

[ The Guardian | 2023-10-19 13:53:46 UTC ]
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New York Comic Con 2023: Manga, Graphic Novels Keep Comics Biz Kicking

This year's ICv2 Insider Talks celebrated the 50th anniversary of the direct market sales channel, even as it acknowledged graphic novels—and particularly manga—as the primary driver for growth in the comics business today, and by a significant margin. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-18 04:00:00 UTC ]
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Microsoft buys Activision, maker of Diablo, Warcraft, and Call of Duty, for $69 billion

United Kingdom regulators were effectively the last hurdle stopping Microsoft from purchasing Activision Blizzard, in the biggest merger the video game industry has ever seen. That hurdle was cleared this morning as the UK’s Competition and Markets Authority relented to adjusted terms.... Continue reading at PC World

[ PC World | 2023-10-13 14:10:14 UTC ]
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Authors join call for Baillie Gifford to divest from fossil fuel

More than 150 writers and industry professionals are asking the firm, which is a leading sponsor of UK literary festivals, to drop their investmentsMore than 150 authors and books industry professionals including Naomi Klein, Robert Macfarlane, Emma Dabiri and Geoff Dyer have signed a statement... Continue reading at The Guardian

[ The Guardian | 2023-10-13 11:35:41 UTC ]
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WaterBrook’s Wingfeather Saga Sells 1 Million Copies ‘On Its Own Terms’

Wingfeather, Andrew Peterson’s middle grade fantasy series from Christian publisher WaterBrook, follows three siblings as they encounter good versus evil, in a story ‘that doesn’t cheapen the reality that the world can be a scary place,’ the author says. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-13 04:00:00 UTC ]
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More Like Miyazaki: 13 Mesmerizing Manga and Graphic Novels for Fans of Hayao Miyazaki

The films of Hayao Miyazaki are truly exceptional! These manga & graphic novels tap into that Miyazaki magic, including Alice in Kyoto Forest by Mai Mochizuki, illustrated by Haruki Niwa, Continue reading at Book Riot

[ Book Riot | 2023-09-11 10:34:00 UTC ]
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How 'Stamped from the Beginning' Became a Graphic History

The latest iteration of Ibram X. Kendi's much-adapted, National Book Award–winning 'Stamped from the Beginning' is a graphic history adapted and illustrated by Joel Christian Gill. We spoke with them both about adaptations, book bans, and whether an anti-racist America might be possible. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-06 04:00:00 UTC ]
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Sarah Young, ‘Jesus Calling’ Author, Dies at 77

Bestselling author Sarah Young, whose 2004 title 'Jesus Calling' is one of the most successful devotionals of all time, died on September 1. She was 77. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-02 04:00:00 UTC ]
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Society of Authors calls use of bad reviews for book blurbs ‘morally questionable’

After several critics complained of being quoted out of context on the covers of Jordan Peterson’s new book, the industry body has spoken out against the practiceThe Society of Authors (SoA) has spoken out against publishers misrepresenting negative reviews on book covers and the UK publisher... Continue reading at The Guardian

[ The Guardian | 2023-09-01 06:02:22 UTC ]
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‘Jesus Calling’ Author Sarah Young’s Health is ‘Rapidly Failing’

Sarah Young, author of ‘Jesus Calling—’one of the most successful devotionals of all time—is experiencing a health crisis, as confirmed by her publisher, Thomas Nelson. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-31 00:00:00 UTC ]
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Calling for a Core Jewish Identity: PW Talks to Donniel Hartman

Rabbi Donniel Hartman urges Jews to forge a connection between themselves and 3,000 years of Jewish life in his new book, Who Are the Jews—and Who Can We Become?. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-23 04:00:00 UTC ]
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Can You Guess the Fantasy Book Based on Its 1-Star Reviews?

Are you a fantasy mega-fan? Well, let's put it to the test: Can you guess these fantasy books based only on their 1-star reviews? Continue reading at Book Riot

[ Book Riot | 2023-08-21 10:35:00 UTC ]
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How did Suits become America’s most-watched TV show of the summer?

The 2010s legal drama has broken records since hitting US Netflix, shining light on viewing patterns in a fragmented television landscapeSince I work in the business of talking television, I am often asking people what they’re watching. And this summer, the predominant answer – usually in the... Continue reading at The Guardian

[ The Guardian | 2023-08-17 18:02:26 UTC ]
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8 Graphic Novels like NIMONA with Murder Teens and Queer Pining

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[ Book Riot | 2023-08-11 10:34:00 UTC ]
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It Takes All Kinds: Graphic Novel Media

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[ Publishers Weekly | 2023-08-11 04:00:00 UTC ]
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[ Publishers Weekly | 2023-08-11 04:00:00 UTC ]
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The Sales Numbers on Books by Supreme Court Justices

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[ Publishers Weekly | 2023-08-04 04:00:00 UTC ]
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Journalist called News Corp ‘tabloid bottom feeders’ after it queried ABC’s Heston Russell stories, court hears

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[ The Guardian | 2023-08-01 05:44:11 UTC ]
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Judge Finds Revived Amazon E-book Monopoly Suit Should Proceed

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[ Publishers Weekly | 2023-08-01 04:00:00 UTC ]
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[ Publishers Weekly | 2023-07-28 04:00:00 UTC ]
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